Sweet deal: Susie Ma with Lord Sugar
Lord Sugar has landed a multi-million-pound pay-out after selling his holding in a skincare company run by a former contestant on The Apprentice.
The business magnate and TV personality ploughed £200,000 into Tropic Skincare – founded by entrepreneur Susie Ma – in 2011 when he took a 50 per cent stake.
The company sells freshly made skincare and cosmetics products and is thought to have been one of Sugar’s most successful investments from the BBC reality show.
The buyout of Tropic means Ma will regain full ownership of the brand she founded aged 15 in 2004.
Sugar said the business has been ‘nothing short of remarkable’ since his investment, having recorded a turnover of more than £90m in 2021 and a pre-tax profit of £10.5m.
The value of the sale has not been disclosed but Sugar will make a multi-million-pound profit.
Sugar said: ‘Susie is a shining example of what it is to be a business owner today.’
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